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The asking rent for a typical single-family home was $2,174 in December.
A recent boom in construction is the driving force behind improving affordability.
Miami led the nation in industrial rent growth in November.
All four of NMHC’s indices fell below breakeven during its January survey.
After increasing 7.1% in 2022 and 4% in 2023, rent growth slowed to just 0.8% in 2024.
Prices increased in all 50 of the most populous US metros last month.
Most of the nation’s fastest-growing housing markets are in the South.
Varying supply and demand trends set some markets up for rent growth, while others remain flat.
But could take 18 years for office to transition into a new post-pandemic normal.
Coworking spaces increased last year in both secondary and tertiary markets.